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Trade

5 Takeaways From the WTO’s World Trade Report

The good news is that the outlook for global trade this year is a bit better than last year. But the bad news, according to the World Trade Organization, is that the economic malaise in Europe will drag on the exchange of goods around the world, in turn hurting the potential for global economic growth.


Source: http://blogs.wsj.com/economics/2014/10/20/5-takeaways-from-the-wtos-world-trade-report/?mod=WSJBlog

Politics, Not Economics, Impede U.S. Trade Deals, Former Officials Say

No, it’s not the economy. It’s politics.
That’s the view of several former trade officials and industry leaders who say the recovering U.S. economy is primed to benefit from trade agreements under negotiations with Pacific countries and the European Union. The problem: a lack of political backing.


Source: http://blogs.wsj.com/economics/2014/10/02/politics-not-economics-impede-u-s-trade-deals-former-officials-say/?mod=WSJBlog

Why ‘Buy American’ Doesn’t Necessarily Mean ‘Made in USA’

One of the strange quirks in the U.S. government’s “Buy American” laws is that many items covered by the rules—from hand tools to trolley cars—wouldn’t necessarily be able to carry a “Made in USA” label if found on a store shelf.


Source: http://blogs.wsj.com/economics/2014/10/01/why-buy-american-doesnt-necessarily-mean-made-in-usa/?mod=marketbeat

Germany Replaces China as World’s Trade-Surplus Boogeyman

China’s devalued exchange rate has made it a pariah of U.S.-based manufacturing and a beloved target of countless U.S. political diatribes and bills seeking to censure Beijing for its currency policy.
But it is key U.S. ally Germany that’s sapping growth from the global economy, according to the latest tally of trade surpluses by the International Monetary Fund.


Source: http://blogs.wsj.com/economics/2014/09/30/germany-replaces-china-as-worlds-trade-surplus-boogeyman/?mod=WSJBlog

Fed’s Bullard Still Looks to 1st Quarter 2015 Fed Rate Increase

Federal Reserve Bank of St. Louis President James Bullard said Tuesday that he still sees the U.S. central bank raising interest rates some time early next year.
“The data I’ve seen are basically on track with our projections” and continue to point to the Fed raising interest rates at the end of the first quarter as a “reasonable judgment,” Mr. Bullard said. But he emphasized that his outlook for central bank policy is not calendar based, saying what happens “depends on how the economy evolves.”


Source: http://blogs.wsj.com/economics/2014/09/23/feds-bullard-still-looks-to-1st-quarter-2015-fed-rate-increase/?mod=blogmod
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